Towards a Workable Heritage Policy

Abstract

Economic analysis can be used in a number of ways to elucidate what happens when a heritage policy is in place. It can produce a social accounting framework, it can explore the utility functions of those who execute policies, it can examine the effects of alternative pricing policies and what the effect will be of tax, subsidy and regulatory arrangements designed to implement policy. No doubt these professional activities can be utilized by policy-makers if they so wish.